What will the 2016 Real Estate Market look like? With the spring market just around the corner, this is a question being asked ALOT. With Toronto housing prices up roughly 10% in 2015 and the average price of a detached home now up over the $1 Million mark, its hard to believe that prices and […]
Have a Million Dollars?
Have a Million dollars? Well that’s what you now need if you want to purchase a detached home in Toronto. Crazy, I know! Year over year, sales have increased by 16.9% and despite the frigid weather this past February the average price for a detached home jumped over the $1 Million mark. In general, prices […]
Real Estate Market Update | October, 2010
It’s that time again! Time for a Toronto Real Estate Market update. As we know, the beginning of 2010 started off strong. Up until September, sales transactions totaled 69,069, up by 4% compared to last year. As we begin the last quarter of the year, we are starting to see a balancing of the market. […]
New MLS Rules Will Make for Overnight Real Estate Experts
As you have probably heard over the last months CREA (Canadian Real Estate Association) has been in negotiations with the federal competition bureau. Well today, they came to a tentative agreement. The new agreement will allow sellers to list their property on the MLS service for a fee (instead of a set commission) and to […]
Finally some relief for Toronto’s sizzling summer
We are finally seeing some relief for Toronto’s sizzling summer- weather wise and in the real estate market. In the first two weeks of July, we saw 2,790 resale sales through MLS – a dip by 37% compared to same time last year.* On the other hand, average prices are up from last July by […]
Is the Toronto Real Estate Market Heating Up?
The Toronto real estate market this year has been a bit unpredictable. Months which are typically down time, January, February and March were uncharacteristically record setting. As we move closer into the hot summer months, will the Toronto Real Estate market still be sizzling? In addition to the first quarter of the year, the beginning […]
Central Toronto Real Estate Sales | 2000 to 2009
Unit sales for Central Toronto for February 2009 totaled a mere 739 transactions. The same time last year there were 1017 sales, 37% more than this year alone. The average price the same time last year was $522,480, approximately 10% more than this year. These figures can be a little intimidating for individuals who purchased at the peak […]
Toronto New Mortgage Rules
As of April 19th, 2010 the federal government will be implementing new rules on government backed insured mortgages (mortgages less than 20% down on the price of the home) In a nutshell here is how it will effect you… – All borrowers must qualify for a 5 yr fixed rate mortgage no matter what terms […]
